The Employee also agrees that any outstanding amount will be deducted from the Employee's final pay check upon resignation or termination of employment from the Employer. The Employee hereby gives permission to the Employer to deduct $_ bi-weekly from the Employee's pay check starting _/_/_ until the full amount of the above stated loan is paid in full. The Employee acknowledges and agrees that an interest rate of _% per year will accrue on any outstanding amount and that the repayment shall first be applied to the interest and then the principal amount. The Employee hereby acknowledges a debt to the Employer in the amount of $ _. Create now View Sample Here's the info you'll need to have handy to complete your doc: Who it's going to Know who this doc is going to and have the individual or business name and contact info ready. Templates to create a salary advance agreement for employees whoĪn agreement that was drawn up for employees taking out a loan from their employer.Įmployer, AKA (The Employer) Make a notice of default on installment promissory note in minutes If a loan you made isn't paid back, use this notice to encourage your borrower. Click here to create a free help wanted ad!
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